Business Plan

A Business Plan is a written document which describes your business:

Who you are

What you do

Where you are headed

How and Why you expect to get there

Why you will be successful

A Business Plan is essential if a bank loan is contemplated or if investors are being sought. Equally important is the value to the business owner/manager who can compare actual versus estimated performance each month and take corrective steps promptly if needed.

Key Elements of a Business Plan

• Cover page
• Summary
• Statement of Purpose
• Basic Business Definition
• Market Analysis
• Marketing Plan
• Production Plan (if manufacturing a product)
• Location
• Organization and Management
• Financial Projections
  • Sources and Used of Funds
  • Projected Cash Flow
  • Projected Income Statement
  • Projected Balance Sheet
• List of Assumptions

Attendance at the SCORE Business Plan Workshop is highly recommended if the client has not previously prepared a business plan